Construction has reached the 13th floor on the 28-story, 104-unit mixed-use tower under development at 200 East 95th Street (a.k.a. 1681 Third Avenue), on the Upper East Side. The construction progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the tower, dubbed the Kent, will eventually encompass 317,664 square feet and rise 392 feet to its pinnacle. It will have 13,225 square feet of retail space across the ground floor and the first cellar level. The residential units above, which will be condominiums, will range from two- to five-bedrooms, averaging 2,500 square feet apiece. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. Champalimaud has been tasked with the interiors and West 8 is the landscape architect. Completion is expected in 2017.
Excavation is complete and foundation work is now underway on a 16-story, 11-unit mixed-use building, technically listed as an expansion of the Park Avenue Christian Church’s five-story rectory. The address is 1010 Park Avenue, between East 84th and 85th streets on the Upper East Side. A photo of the site was posted to Twitter by the church’s neighbor, Regis High School. The project will measure 59,398 square feet and will incorporate some elements of the original rectory’s façade into its facade. The ground floor and two sub-cellar levels will be used by the church, and condominium units, averaging an opulent 5,043 square feet apiece, will take up the floors above. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. A construction timeline is not currently known. Since the site sits within the Park Avenue Historic District, the Landmarks Preservation Commission had to approve the project, which happened in January of 2015.
S.W. Management has acquired, for $61.5 million, the 15-story, 121-unit residential building at 134 West 58th Street, in Midtown, Commercial Observer reported. The developer purchased the property from Extell Development, who previously filed applications at the site for a new 18-story, 41-unit residential building, as YIMBY reported late last year. It’s not known if the new owner will follow through with those plans. Building permits were granted in April to develop a 60,324-square-foot project. The residential units would have averaged 1,283 square feet apiece and amenities would have included storage for 21 bikes, private residential storage, a ‘recreation room” on the ground floor, and a rooftop recreational area. Issac & Stern Architects was the architect of record. Demolition permits haven’t been filed for the existing apartment building.
Extell Development has filed plans for a 13-story, mixed-use development at 501 Third Avenue, at the corner of 34th Street on the border between Kips Bay and Murray Hill.
After entering into contract nearly a year ago, Extell Development has closed on the purchase of the single-story, 128,250-square-foot Gristedes grocery store at 350 East 86th Street, on the Upper East Side, for $93 million. The acquisition was funded with a $55 million mortgage, Commercial Observer reported. The developer also owns the neighboring four- and five-story tenement buildings at 1645-1651 First Avenue. Combined with the new acquisition, the 20,650-square-foot assemblage now supports 206,500 square feet of new mixed-use development up to 210 feet above street level. The developer is apparently planning a 20-story, 200-plus-unit condominium project at the site, although there aren’t many details on it. Demolition permits haven’t been filed for any of the Extell-owned properties, but Gristedes is expected to vacate the premises later this year.